US President Donald Trump on Monday announced sweeping new tariffs targeting nations maintaining commercial ties with Iran.
Effective immediately, the US will impose a 25 per cent tariff on all goods and services imported from any country that “does business” with Iran, Trump said in a social media post.
The president characterised the order as “final and conclusive”.
While the order is global, it is expected to hit major economies, specifically China and India, the hardest, given their…
Trump says countries that trade with Iran will face 25 per cent tariffs from US
